Our Firm

Firm History

Parnassus Investments was founded by Jerome L. Dodson in 1984 as an investment
management company offering responsible investment funds to the public. This
was the culmination of his desire to provide investment products in a responsible manner.

After graduating from Harvard Business School in 1971, Dodson worked for the San Francisco
Local Development Corporation, a non-profit organization that gave business and technical
assistance to minority-owned businesses. In 1976, he helped organize Continental Savings
and Loan and became its first president. Continental made loans to finance housing, and
developed an innovative product for depositors to finance solar energy projects with
competitive yields and capital preservation. In 1983, Dodson founded and became the first
president of Working Assets Money Fund, a responsible investment money market fund.

Jerome L. Dodson founded the firm's namesake fund, Parnassus Fund, with $300,000 in initial
seed capital from friends and family. The firm has grown to over $27.8 billion in assets under
management as of September 30, 2018 and now manages five funds: four fundamental, U.S., core
equity strategies across multiple market capitalizations and one U.S., fixed income strategy.

Historical evolution of Parnassus Investments:

1984

Parnassus Investments is founded by Jerome L. Dodson with $300,000 in initial seed
capital

Parnassus Fund (PARNX) is launched

1992

Parnassus Investments launches three new funds:

Parnassus Core Equity Fund (PRBLX) (formerly known as the Parnassus Equity Income Fund)

Parnassus Fixed Income Fund (PRFIX), the investment industry's first ESG fixed income
fund

Before investing, an investor should carefully consider the investment objectives,
risks, charges and expenses of a fund and should carefully read the prospectus or summary prospectus, which contains this and other information and can be found in our Forms and Documents
section. Investment return and principal value will fluctuate so that an investor’s
shares, when redeemed, may be worth more or less than their original principal cost,
and you could lose money.

The Parnassus Funds are underwritten and distributed by Parnassus Funds Distributor,
a subsidiary of Parnassus Investments and a
FINRA member.